GBM Convenes Council to Promote Investment Among Women
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GBM Convenes Council to Promote Investment Among Women

Photo by:   Towfiqu barbhuiya, Unsplash
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Sofía Hanna By Sofía Hanna | Journalist and Industry Analyst - Mon, 08/22/2022 - 14:21

Investing is becoming easier and can bring great long-term benefits to those who engage in the practice. However, the practice has not spread equally among all of Mexico’s demographics, with women being vastly underrepresented as stock market investors. While women represent over half of Mexico’s population, they have a stock market investment ratio of one for every ten men, meaning only two out of every ten women in Mexico invest in the stock market.

 

According to a study by the Organization for Economic Co-operation and Development (OECD), closing the overall gender gap will take 135.6 years, but closing the economic participation and opportunity gap will take 267.6 years. Promoting equality alone would add between 13 percent and 31 percent to the global GDP by 2025, but the path continues to be slow, and women's participation low.

 

The main challenges women face to access investment include the difficulty of generating wealth, specifically due to the wage gap, the lack of flexible jobs and maternity leave, found Grupo Bursatil Mexicano (GBM). Women, in general, are less inclined to take risks than men. Added to this are sociocultural factors, such as the traditional role of women as homemakers, which may lead them away from money-making activities.  

 

Many misconceptions surround investing, such as whether it is challenging, very high risk, or exclusively for people with large capital. These misconceptions further push people away from this financial tool. However, investments are now more relevant than ever due to inflation, which is running at a 7.4 percent rate in Mexico. As inflation rises, money loses value over time, so savings are worth less and less each year, according to Banco Azteca.

 

In Mexico, a growing number of initiatives aim to close this gap. For example, GBM held its first meeting of the Council of Journalists for the inclusion of women in investment today. The council is made up of 13 Mexican journalists from various media and aims to raise awareness about the current situation of women in the country's economy and the opportunities investing offers them.

Photo by:   Towfiqu barbhuiya, Unsplash

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